After 10+ years, JCube in Jurong East is closing to make way for JCube Condo Residence, a 40-storey residential and commercial development connected to multiple amenities, anticipated to launch in H2 2023. Exact details and pricing yet JCube Residence to be revealed.

The most profitable resale deal at The Sail took place in April 2019, where a 941 sq ft, two-bedroom apartment was sold for $2.45 million ($2,620 psf). This unit was originally acquired for $2 million ($2,128 psf) in November 2012, thus generating $600,000 (30%) in returns in the years before. This works out to an annualised profit of about 4%.

The most profitable resale transaction at Leedon Residence between Feb 28 and March 7 was the sale of a 3,746 sq ft, four-bedroom duplex penthouse. This unit was purchased for $6.7 million ($1,789 psf) on Jan 19, 2018 and sold for $9.5 million ($2,536 psf) on March 2, resulting in a $2.8 million (42%) profit on the resale and an annualised profit of 7.1% in five years.

Located in the prime District 10 neighbourhood of Leedon Heights, Leedon Residence is a freehold 381-unit condo designed by architect Chan Soo Khian of SCDA Architects. The entire development sits on a 4.9ha site and features 11 12-storey blocks. Offering bigger-sized layouts and luxury amenities throughout, the project is one of the newer condos in the vicinity and commands an average price of about $2,590 psf.

Thus far in 2021, three resale transactions have taken place at Leedon Residence. The most profitable deal was for a 7th floor, five-bedroom apartment that changed hands for $12.5 million ($2,657 psf) in July, an acquisition that earned the seller an annualised gain of 7.2% over four years. In comparison, the week’s second-highest profit-making resale occurred at D’Grove Villas, a freehold condo in prime District 10. A 1,690 sq ft, fifth-floor apartment was sold for $4.3 million ($2,544 psf) on March 2, a transaction that generated a record profit of $2.1 million (95%) and an annualised gain of 2.4% over 28 years.

The week’s most unprofitable deal, on the other hand, took place at The Sail @ Marina Bay, a 99-year leasehold condo downtown in District 1. An 883 sq ft, two-bedroom unit was sold for $1.92 million ($2,175 psf) on March 1, incurring an approximate loss of $376,000 and an annualised loss of 1.5% over 12 years. The most profitable resale at this project was seen in April 2019, when a 941 sq ft apartment was sold for $2.45 million ($2,620 psf), generating $600,000 (30%) in returns and an annualised profit of about 4%.